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Diamond Creek
AREA REPORTS

Diamond Creek

Diamond Creek - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3089

house
unit

Property investors enjoyed capital gains of 24.84% over the last 12 months in DIAMOND CREEK, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in DIAMOND CREEK are low, as opposed to average gains per annum over the past five years.

The suburb posted a 29.47% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

On average, rents on listings have reached the $580 mark, reflecting a 3% increase in returns based on the current median price in DIAMOND CREEK.

DIAMOND CREEK, 3089 ranks 181st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 275th on the list of best yielding suburbs for rental properties in VIC, posting a 3% return.

Data report can be found below

Diamond Creek
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,004,999 $700,000
GROWTH REPORT
Median Quarterly 2.18% -1.96%
Median 12 month 24.84% 8.7%
Median 3 years 29.47% 17.53%
Median 5 years 54.91% 27.85%
10 years average annual 7.46% 6.21%
Weekly media advert. rent $580 $500
Time on Market 28.1 days 29.0 days
Gross Rental Yield Percent 3% 3.71%
demographics (median values)*
Total Population
11733
Weekly Household Income
2089
Household Size
3.00
Age
38
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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